CONFIRMATION OF RESIDENTIAL PROPERTY DEVELOPMENT ACTIVITY SHOWING BELOW 480 LOTS UNDER DEVELOPMENT TO MEET THE DEMAND OF OUR VARIOUS CUSTOMERS
CBo Territory confirms its stable level of activity in this period of 2022 in the Housing sector with close to 480 lots under development (building units and plots) located in 4 main development areas.
Commercial success has been preserved for Marie Caze, Saint-Paul, a very attractive sector for private investors
This residential area designed by CBo Territoria, located just 10 minutes from the new Western Reunion hospital center and the national highway, close to shops and schools, but also the western beaches, is still under development. Indeed, Z irondelles residential property of 34 plots and Zoizeau Blanc of 30 plots ready for construction with areas ranging from 260 to 500 m² will be delivered both in 4th quarter of 2022.
Except this, Let Bengal 1 The residence, consisting of 33 apartments (one, two and three bedroom units), eligible for the Pinel Outre-Mer and Girardin corporation tax schemes, will be delivered in the first half of 2023. It will be followed by phase 2 of the project that is expected to be completed at the end of 2023 and consists of 32 units, for which the reservation rate has already reached over 70%.
Finally, the construction of both residences Le Foulque (85 intermediate housing units) and Clos des Serins (30 social housing units) is under development. Both have been sold as off-plan projects to SHLMR, the Action Logement group, and are expected to be completed in the second half of 2023.
Successful launch of 4 programs currently under development in Beauséjour, Sainte-Marie
CBo Territory is pursuing its development of Beauséjour, an emblematic quarter that the company has been expanding for more than 10 years.
This is reflected in the continuous construction of Kaloupilé The residence, comprising 35 units ranging from one to three bedrooms, sold off-plan and eligible for the Pinel Outre-Mer and Girardin Corporation Tax Schemes, with more than 90% of units sold to date . The project is scheduled to be completed by June 2023.
At the same time, the construction of Lobélie the residence is under development. Marketed as an off-plan project for SHLMR group Action Logement, it will contain 47 intermediate housing units.
Housing developments Jardin des 4 épices (31 parcels) and Le Hameau (18 plots) will be delivered before the end of 2022, offering a wide range of products in terms of both price and area, thus satisfying a variety of customer profiles.
Foundation stone laid for new Hamelia residence at Roche Café, St-Leu
This neighborhood of Saint-Leu, located on the hillside between the sea and the mountain, and close to the Portail attraction, will welcome the laying of Hamelia groundbreaking on October 31, 2022. This development of 42 one to two bedroom units is currently almost 80% sold and will be completed in December 2023. This development has proven to be a real commercial success, thanks to its location geography and the high quality of the residence, especially its pool and stunning views of the ocean and mountains.
New plots of land marketed in Grands Bois, Saint-Pierre, an area in full expansion
The expansion of the Cap Austral joint development area is also underway through the release of the first 29 plots of Le Kaisary project until the end of 2022. This geographical sector of Saint-Pierre, in the wake of the Terre Sainte business wealth, is booming along with a growing demand for housing.
About CBo Territory (FR0010193979, CBOT)
CBo Territoria has been a major real estate player on Reunion Island for nearly 20 years, developing 1,000 plots of land, 3,300 residential units and nearly 190,000 m2. of spaces for offices, retail and activities. The group has moved into a multi-regional real estate company specializing in commercial assets (€302.6 million as of June 2022, i.e. 79% of its portfolio). The group, which operates across the property value chain (land and development property and investment property), is developing thanks to its land reserves, but also by acquiring land for development. CBo Territory funds its growth strategy through development activities (either residential or tertiary) and, through the planned sale of its remaining residential assets to social and intermediate housing landlord SHLMR.
CBo Territoria is a property investment company listed on Euronext Paris (section C) that is eligible for the PEA PME scheme.
Since its inception, CBo Territoria has been a responsible company dedicated to more sustainable real estate, ranking in the Top 10 of the C division of the Gaïa Index for the past six years, a French standard index of the most small and medium virtuous. size companies in terms of CSR (Corporate Social Responsibility).
More information on cboterritoria.com
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